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Fed Governor Miran says he did not tell Trump how he would vote on rates this week
- Federal Reserve Governor Stephen Miran stated on September 19 that he voted against a quarter-point rate cut and favored a larger reduction based on his analysis.
- Miran's stance contrasts with President Trump's pressure for aggressive rate cuts and concerns over Fed independence since Trump’s second term began in January.
- Miran emphasized he spoke briefly to Trump before the decision without discussing his vote or economic projections and called suggestions of political influence 'silly'.
- Miran stated that he sets his projections according to his economic assessment and intends to maintain this approach, with plans to elaborate on his differing opinion during his September 22 speech.
- Miran intends to serve until his term ends in January 2026, maintaining independence despite heightened political tension affecting the Fed's credibility and policy flexibility.
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39 Articles
39 Articles
New Fed Governor Says Was Not Told How To Vote By Trump
Stephen Miran, who was Donald Trump's pick to join the Federal Reserve, said Friday that he did not speak to the US president about how he would vote on interest rates ahead of the central bank's meeting this week.
·New York, United States
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One of the governors of the US central bank, just promoted by Donald Trump, said on Friday that he had received no instructions from the president this week before voting on interest rates.
·Montreal, Canada
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There’s no ‘material inflation from tariffs,’ says new central banker Stephen Miran
President Donald Trump’s widespread tariffs aren’t boosting inflation, so interest rates should be lowered quickly to prevent America’s labor market from deteriorating, Federal Reserve Governor Stephen Miran said Friday in his first public comments as a monetary policymaker.
·Atlanta, United States
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Total News Sources39
Leaning Left8Leaning Right3Center8Last UpdatedBias Distribution42% Left, 42% Center
Bias Distribution
- 42% of the sources lean Left, 42% of the sources are Center
42% Center
L 42%
C 42%
R 16%
Factuality
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